FT Vest U.S. Equity Buffer ETF – May (BATS:FMAY) Hits New 12-Month High – Still a Buy?

FT Vest U.S. Equity Buffer ETF – May (BATS:FMAY) shares hit a new 52-week high during trading on Monday . The company traded as high as $51.32 and last traded at $53.1440, with a volume of 10978 shares traded. The stock had previously closed at $51.23.

FT Vest U.S. Equity Buffer ETF – May Price Performance

The business has a 50-day simple moving average of $52.56 and a 200 day simple moving average of $51.37. The firm has a market cap of $994.97 million, a PE ratio of 23.87 and a beta of 0.57.

Institutional Investors Weigh In On FT Vest U.S. Equity Buffer ETF – May

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. TFB Advisors LLC boosted its position in shares of FT Vest U.S. Equity Buffer ETF – May by 26.7% in the first quarter. TFB Advisors LLC now owns 17,154 shares of the company’s stock worth $792,000 after purchasing an additional 3,613 shares during the period. Nova Wealth Management Inc. purchased a new position in shares of FT Vest U.S. Equity Buffer ETF – May during the 2nd quarter valued at $138,000. Fragasso Financial Advisors Inc boosted its holdings in FT Vest U.S. Equity Buffer ETF – May by 30.9% in the 2nd quarter. Fragasso Financial Advisors Inc now owns 16,284 shares of the company’s stock worth $815,000 after buying an additional 3,848 shares during the period. Keystone Wealth Services LLC increased its stake in FT Vest U.S. Equity Buffer ETF – May by 10.2% in the 2nd quarter. Keystone Wealth Services LLC now owns 178,469 shares of the company’s stock worth $8,929,000 after buying an additional 16,457 shares in the last quarter. Finally, FOCUS Wealth Advisors LLC increased its stake in FT Vest U.S. Equity Buffer ETF – May by 0.4% in the 2nd quarter. FOCUS Wealth Advisors LLC now owns 479,491 shares of the company’s stock worth $23,989,000 after buying an additional 1,922 shares in the last quarter.

About FT Vest U.S. Equity Buffer ETF – May

The FT Cboe Vest U.S. Equity Buffer ETF – May (FMAY) is an exchange-traded fund that mostly invests in large cap equity. The fund aims for specific buffered losses and capped gains on the SPY over a specific holdings period. The actively-managed fund holds options and collateral. FMAY was launched on May 15, 2020 and is managed by First Trust.